XML 16 R6.htm IDEA: XBRL DOCUMENT v3.19.2
Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($)
Total
Preferred Equity
Common Stock
Surplus
Retained Earnings
Retained Earnings
Series C Preferred Stock
Retained Earnings
Series D Preferred Stock
Retained Earnings
Series E Preferred Stock
Accumulated Other Comprehensive Income (Loss)
Treasury Stock
Beginning balance at Dec. 31, 2017 $ 3,237,443,000 $ 159,929,000 $ 1,618,000 $ 1,338,722,000 $ 1,934,696,000       $ (62,758,000) $ (134,764,000)
Comprehensive income                    
Net income 69,456,000 0 0 0 69,456,000       0 0
Other comprehensive income (loss) (31,177,000) 0 0 0 0       (31,177,000) 0
Adoption of new accounting standards (13,738,000) 0 0 0 0       (13,738,000) 0
Comprehensive income 24,541,000                  
Common stock issued                    
Stock-based compensation plans, net 10,691,000 0 0 (7,665,000) 20,136,000       0 (1,780,000)
Acquisition of Bank Mutual 481,688,000 0 134,000 390,258,000 0       0 91,296,000
Purchase of common stock returned to authorized but unissued (26,480,000) 0 (11,000) (26,469,000) 0       0 0
Purchase of treasury stock (5,240,000) 0 0 0 0       0 (5,240,000)
Cash dividends:                    
Common stock ($0.15 per share in 2018 and $0.17 per share in 2019) (25,710,000) 0 0 0 (25,710,000)       0 0
Preferred stock (2,339,000) [1] 0 0 0 (2,339,000) [1]       0 0
Purchase of preferred stock (78,000) (76,000) 0 0 (2,000)       0 0
Stock-based compensation expense, net 3,675,000 0 0 3,675,000 0       0 0
Tax Act reclassification 13,654,000 0 0 0 13,654,000       0 0
Change in accounting principle 84,000 0 0 0 84,000       0 0
Other 771,000 0 0 0 771,000       0 0
Ending balance at Mar. 31, 2018 3,712,699,000 159,853,000 1,741,000 1,698,521,000 2,010,746,000       (107,673,000) (50,488,000)
Beginning balance at Dec. 31, 2017 3,237,443,000 159,929,000 1,618,000 1,338,722,000 1,934,696,000       (62,758,000) (134,764,000)
Comprehensive income                    
Net income 158,648,000                  
Other comprehensive income (loss) (57,130,000)               (57,130,000)  
Comprehensive income 101,518,000                  
Cash dividends:                    
Change in accounting principle                 (84,000)  
Ending balance at Jun. 30, 2018 3,770,244,000 159,401,000 1,751,000 1,704,587,000 2,070,872,000       (119,888,000) (46,479,000)
Beginning balance at Mar. 31, 2018 3,712,699,000 159,853,000 1,741,000 1,698,521,000 2,010,746,000       (107,673,000) (50,488,000)
Comprehensive income                    
Net income 89,192,000 0 0 0 89,192,000       0 0
Other comprehensive income (loss) (12,215,000) 0 0 0 0       (12,215,000) 0
Comprehensive income 76,977,000                  
Common stock issued                    
Stock-based compensation plans, net 5,456,000 0 0 1,455,000 [2] (485,000) [2]       0 4,486,000 [2]
Acquisition of Bank Mutual 6,720,000 0 3,000 6,717,000 0       0 0
Purchase of common stock returned to authorized but unissued (6,595,000) 0 (3,000) (6,592,000) 0       0 0
Purchase of treasury stock (477,000) 0 0 0 0       0 (477,000)
Cash dividends:                    
Common stock ($0.15 per share in 2018 and $0.17 per share in 2019) (26,107,000) 0 0 0 (26,107,000)       0 0
Preferred stock (2,329,000) [1] 0 0 0 (2,329,000) [1] $ 0.3828125 $ 0.3359375   0 0
Common stock warrants exercised 0 0 10,000 (10,000) 0       0 0
Purchase of preferred stock (459,000) (452,000) 0 0 (6,000)       0 0
Stock-based compensation expense, net 4,497,000 0 0 4,497,000 0       0 0
Other (139,000) 0 0 0 (139,000)       0 0
Ending balance at Jun. 30, 2018 3,770,244,000 159,401,000 1,751,000 1,704,587,000 2,070,872,000       (119,888,000) (46,479,000)
Beginning balance at Dec. 31, 2018 3,780,888,000 256,716,000 1,752,000 1,712,615,000 2,181,414,000       (124,972,000) (246,638,000)
Comprehensive income                    
Net income 86,686,000 0 0 0 86,686,000       0 0
Other comprehensive income (loss) 21,597,000 0 0 0 0       21,597,000 0
Comprehensive income 108,283,000                  
Common stock issued                    
Stock-based compensation plans, net 7,045,000 0 0 (32,220,000) 0       0 39,265,000
Purchase of treasury stock (37,467,000) 0 0 0 0       0 (37,467,000)
Cash dividends:                    
Common stock ($0.15 per share in 2018 and $0.17 per share in 2019) (28,183,000) 0 0 0 (28,183,000)       0 0
Preferred stock (3,801,000) [3] 0 0 0 (3,801,000) [3]       0 0
Stock-based compensation expense, net 9,397,000 0 0 9,397,000 0       0 0
Other (293,000) 0 0 0 (293,000)       0 0
Ending balance at Mar. 31, 2019 3,835,870,000 256,716,000 1,752,000 1,689,792,000 2,235,824,000       (103,375,000) (244,840,000)
Beginning balance at Dec. 31, 2018 3,780,888,000 256,716,000 1,752,000 1,712,615,000 2,181,414,000       (124,972,000) (246,638,000)
Comprehensive income                    
Net income 171,347,000                  
Other comprehensive income (loss) 65,909,000               65,909,000  
Comprehensive income 237,256,000                  
Ending balance at Jun. 30, 2019 3,899,794,000 256,716,000 1,752,000 1,695,715,000 2,288,909,000       (59,063,000) (284,235,000)
Cash dividends:                    
Increase Adjustment Options, RSA and RSU       901,000           484,000
Decrease Adjustment Options RSA and RSU         1,000,000          
Beginning balance at Mar. 31, 2019 3,835,870,000 256,716,000 1,752,000 1,689,792,000 2,235,824,000       (103,375,000) (244,840,000)
Comprehensive income                    
Net income 84,661,000 0 0 0 84,661,000       0 0
Other comprehensive income (loss) 44,311,000 0 0 0 0       44,311,000 0
Comprehensive income 128,972,000                  
Common stock issued                    
Stock-based compensation plans, net 827,000 0 0 (211,000) 0       0 1,038,000
Purchase of treasury stock (40,433,000) 0 0 0 0       0 (40,433,000)
Cash dividends:                    
Common stock ($0.15 per share in 2018 and $0.17 per share in 2019) (27,776,000) 0 0 0 (27,776,000)       0 0
Preferred stock (3,801,000) [3] 0 0 0 (3,801,000) [3] $ 0.3828125 $ 0.3359375 $ 0.3671875 0 0
Stock-based compensation expense, net 6,134,000 0 0 6,134,000 0       0 0
Ending balance at Jun. 30, 2019 $ 3,899,794,000 $ 256,716,000 $ 1,752,000 $ 1,695,715,000 $ 2,288,909,000       $ (59,063,000) $ (284,235,000)
[1]
(b) Series C, $0.3828125 per share and Series D, $0.3359375 per share.
[2]
(a) As previously disclosed in Associated Banc-Corp's 2018 Annual Report on Form 10-K, an adjustment was made to the June 30, 2018 stockholders' equity balances related to the
grant and vesting of options, restricted stock awards, and restricted stock units awarded. This adjustment increased Surplus by $901 thousand, decreased Retained Earnings $1 million, and increased Treasury Stock $484 thousand. The reclassification had no impact on earnings, expenses, or total stockholders' equity.
[3] Series C, $0.3828125 per share; Series D, $0.3359375 per share; and Series E, $0.3671875 per share.